The Union Budget 2020 was announced by Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs, Government of India. The Union Budget 2020, which the Government of India had asked for suggestions and feedback on from the citizens of India, has been just been presented in the parliament. This was the second Union Budget that was presented by Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs, Government of India.
Highlights of the union budget 2020
Nirmala Sitharaman started the announcement taking into fact that growth was indeed the agenda for the Union Budget 2020. “Our people should be gainfully employed, our businesses should be healthy, for all minorities, women and people from SCs and STs, this Budget aims to fulfill their aspirations,” she said.
Highlighting on the government’s achievements, she said that GST has resulted in efficiency gains in the transport and logistics sector, inspector raj has vanished, it has benefitted MSME. Consumers have got an annual benefit of 1 lakh crore rupees by GST.
“With renewed vigour, under PM’s leadership, we commit ourselves to present the people of India with all humility and dedication. People have reposed faith in our economic policy,” she added. Furthermore, she claimed that talent, technology and entrepreneurship are the key themes for this year’s budget.
Due to the proliferation of technologies such as analytics, machine learning, artificial intelligence, and bioinformatics, the number of people in the productive age group at its highest, said the finance minister.
Here is what the Government of India has announced for the IT industry, startups and employment:
1. Aspirational India, economic development and caring society with ease of living are the 3 themes of the Union Budget 2020.
2. Artificial intelligence and machine learning will be used in the healthcare sector.
Denne historien er fra February 2020-utgaven av DataQuest.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra February 2020-utgaven av DataQuest.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Cold-Pressed AI Juice - Is That Bottle Here? Is It Worth It?
Compressing AI models has been both an adventure and a formidable next-inflection-point in the many curves of AI innovation. Can we look for options better than, and beyond, erstwhile approaches like pruning and SLMs?
Indian Research: Far from a bouquet of ORCIDS yet. Why?
Indian brains are universally, and globally, applauded for their 'horse sense' - whether we look at our laser-sharp unicorns and wide-bracket start-ups or pride in the unshakeable global confidence placed for many decades in our IT industry. And yet, when it comes to top-drawer academic research, we are still considered by many as either a 'one horse town' or a 'one-trick pony'. Why this ever-widening gap against our global counterparts?
Accountability in the Age of AI
In this interview, Aayush Ghosh Choudhury, Co-Founder & CEO OF Scrut Automation shares insights on why clear accountability is essential when working with AI, how AI is transforming GRC practices, and the key risks organizations need to navigate. We also explore the advancements expected in the coming years and how organizations can strike a balance between AI adoption and compliance, ensuring responsible and ethical use of these powerful technologies.
Live On the Edge
How can companies leverage the combination of edge computing & AI to foster sustainability?
Technology and Fashion - The Vanilla Girl, without being Cheugy
Moving the needle in fashion- now that can go either way- between being too soft to being too flashy. Especially when it's about AI's copyright issues, personalisation, VR in design, Counterfeits, Quiet Fashion, Image recognition and carbon impact. Can an elastic CRM-fabric and data's new look help in threading the technology needle?
AI does not facilitate financial crime, it helps to fight it.
Why and where do AI models, SLMs, synthetic data and recommendation engines work as angels in areas when the devil is always in the details?
Multi-million and multi-year deals are back-both for first-timers and mature outsourcers
With IT budgets tightening and global uncertainties rising, multi-million, multi-year outsourcing deals are making a comeback.
The Big Five in a Technology Safari
Mobile banking, Blockchain, AI, IT Modernisation and? Wait, is Physical Banking the 5th one? Africa has, for long and quite-deservedly, been brave about exploring the wild forests of banking innovations and on-ground solutions that fit the region's limitations and untapped opportunities to the T. How do you make sure you stay gutsy, relevant and on the right track in such a region? How do you make IT your navigator when you want to be the top pan-African bank? Johnson Idesoh, Group Chief Information and Technology Officer at Absa Group takes us around and gives a peek on what customers here are actually hunting for.
India's Quantum Bet - the Dark Horse Who Eats Dark Chocolate
Or the Dark Matter? It's about the Quantum Race's Winning Gap. India could be the unexpected winner in quantum research, innovation and markets as long as we look beyond the QuBit game and fix real issues that still slow down the last lap. The action is happening, albeit invisible, till we see it shine in full glory.
Quantum Leap or Quantum Leap of Faith? Indian Industries Dive into Infinite Possibilities!
India is on the brink of a quantum leap, as industries from finance to healthcare begin to explore the transformative power of quantum computing. With the capability to perform calculations at speeds unimaginable with classical computers, quantum technology is not just a futuristic concept-it's becoming a practical tool for solving today's most pressing challenges and unlocking new opportunities for growth.
